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Council reviews year‑end fraud‑risk assessment; city scores 'very low' with recommended training and internal audit options
Summary
Finance staff reported a fraud risk assessment score of 355 out of 395, placing Grantsville in a very low risk category; the city lost points for not having a formal internal audit function and because some governing‑board members had not completed required online training.
Sherry (finance director) presented the city’s annual fraud‑risk assessment to the council on June 18 and said Grantsville scored 355 out of 395, placing it in a “very low” risk category per the state auditor’s framework.
Sherry told the council the two principal point losses were for (1) not having a formal internal audit function (a resource issue) and (2) some governing‑board members not yet completing required online training including the open‑and‑public‑meetings training. She asked council members to complete the trainings and provide certificates to the city clerk so the assessment score can be updated.
Staff suggested several low‑cost options to improve the score, including cross‑training with neighboring entities, hosting a group training session for council members and scheduling a peer‑review or short internal audit exchange with a nearby city that has audit capacity. The mayor and council accepted the recommendations and staff agreed to follow up with a plan and to present an updated score in the next assessment cycle.
Council members asked staff to remind them of deadlines and indicated willingness to take the online training; Brady (city clerk/administrative staff) will track completion.
